UPDATE 1-India's Maruti Q3 profit falls 54 pct, shares up


* Demand outlook cloudy but falling commodity prices to help * Shares rise as fuel price cut seen positive (Adds detail, share prices, analyst comments) By Janaki Krishnan MUMBAI, Jan 29 (Reuters) - Maruti Suzuki India Ltd , the country's largest car maker, missed forecasts with a 54.3 percent fall in quarterly profit as high material costs and adverse currency changes in a sluggish market squeezed margins. Vehicle makers in India face daunting task as a slowing economy crimps ...

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